Form 4: Realty Income Corp CEO Sumit Roy Disposes of Shares to Cover Tax Obligations

CEO Sumit Roy disposed of Realty Income Corp shares on December 31, 2024, and January 1, 2025, to cover tax obligations related to vesting performance and restricted shares.

Summary

• Sumit Roy, the President, CEO, and Director of Realty Income Corp, disposed of shares of common stock on December 31, 2024, and January 1, 2025.
• These transactions were related to the automatic withholding of shares to cover tax obligations arising from the vesting of performance shares and restricted shares.
• On December 31, 2024, 4,351 shares were disposed of at a price of $53.41.
• On January 1, 2025, 22,822 shares and 9,469 shares were disposed of, both at a price of $53.41.
• Following these transactions, Roy directly owns 286,181 shares of Realty Income Corp common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. The stock disposal is related to tax obligations and doesn't necessarily indicate a change in the CEO's confidence in the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like CEOs, buy or sell their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The disposal of shares by the CEO could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates